BrainTrading® System 7.0

Manual

Version 7.0
MetaTrader Edition








BrainTrading®
Solutions





BrainTrading® Solutions
Kiev, Ukraine
E-mail:

© Copyright 2003 by BrainTrading, Inc. All rights reserved

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CONTENTS


I. Welcome to BrainTrading System
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II. General Trading Rules
3
III. Getting Started
3
IV. Installation Procedures
4
V. Setup Procedures
4
VI. BrainTrading System Error Messages
12
VII. How To Use BrainTrading System
12
VIII. Money Management
33
IX. General Exit Rules
36
X. How to use Alerts Module
37





































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I. Welcome to BrainTrading System

Congratulations! You have just purchased one of the best selling trading software on the market.
BrainTrading System provides 100% computer-generated buy/sell/exit signals. Signals are precise and timely
for both real-time or end-of-day market data. No more guesswork in trading.
With many years of collective feedback from BrainTrading System users worldwide and continuous endeavor
in research, we have now brought the BrainTrading System to a new level of excellence. The new BrainTrading
System version 7.00 is now available for MetaTrader Platform.

II. General Trading Rules

Outline:

• Buy at strength and sell at weakness
• Be more than willing to take small losses
• Be more than willing to switch positions
• Stick with the big trend till BrainTrading System says to exit
• Always place stops immediately after entering a trade
• Only move stops in the desired direction
• Turn your mental power into profit


III. Getting Started

A. Requirements To Run BrainTrading System


Computer with Minimum Requirements:
Intel compatible 500 MHz CPU computer
64 MB RAM
10 MB free hard disk space
Win95/Win98/WinNT/Win2000/Win2003Server/WinXP
Platform Requirements: MetaTrader by MetaQuotes Software Corp.

B. Getting Familiar with Your Platform

Before install BrainTrading System, please make sure that Windows, MetaTrader are installed and running
properly and you are familiar with the following topics:
1. Installing new indicators.
2. New “Chart Window” setup.
3. Receiving real time data.
4. Inserting indicators to a chart
5. Formatting indicators

The above six topics are basic and essential for using MetaTrader and BrainTrading System. If you have
any questions about these issues, please read the MetaTrader help
or call MetaQuotes Software Corp.
technical support lines
. MetaQuotes Software Corp. also provides on-line support at
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IV. Installation Procedures

You may find BrainTrading Software and MetaTrader Platform installation instructions in ‘Installation.pdf ’

file.

IMPORTANT: One license of BrainTrading System can only work at one specific computer. You may
not transfer BrainTrading System to another computer. Make sure which computer to use before doing
this installation.

V. Setup Procedures

Following topics are designed to help you for a quick start. By no means they can replace the MetaTrader
Users’ Manual or their online help. If you have further questions, you may refer to MetaTrader help.

1. How to open a chart.

To create a new chart press the button New on the main panel (or click the main menu File > New Chart) and
choose the right currency. Or click with a right mouse key in the Market Watch window on necessary
instrument and pick Chart Window:





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2. How to change Chart Time Interval.

MetaTrader has several periodical chart formats: M1, M5, M15, M30, H1, H4, D1, W1. You can switch from

one to another by clicking buttons on the panel, through the menu Charts -> Periodicity or by clicking on the
proper chart with a right button and choosing in the menu Periodicity.


3. How to change from one instrument to another.

To change from one currency pair chart to another, click on the desired instrument at Market Watch tool bar and
drag to the chart window.

4. How to change Type of chart.

To switch the type of the chart (Candlesticks, Bar charts or Line chart) use buttons on the main panel, menu
Charts or by clicking Alt+1, Alt+2, Alt+3.

5. How to enable/disable automatic Scroll of chart.

Check/Uncheck ‘Scroll On/Off’ button at main panel:


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6. Zooming and scrolling and Constriction/Widening
To change zoom scale use the buttons on the panel, menu Charts or by clicking grey buttons + и For a smooth
scrolling press F12 key.
To Constriction/Widening up and down click mouse left button on Price axis and move mouse up or down.


7. How to show all available trading instruments.


Click right mouse button inside Market Watch toolbar and choose ‘Show All Symbols’.


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8. Where I can find BrainTrading Indicators.

After installation and activation procedures you can find BrainTrading Indicators In Navigator toolbar under
‘Custom Indicators’ Section:


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9. How to insert BrainTrading indicators to a chart.

Double-click on Indicator Name under ‘Custom Indicators’ section and then press ‘OK’ button in ‘Custom
Indicator’ dialog.


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10. How to delete BrainTrading Indicators from chart.


Choose Insert->Indicator main menu. Find indicator which you want to delete in the right column ‘Selected:’
and double click on it, or press << button.


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11. How to format indicators (changing NumBars and Colors):

The indicator colors and symbols can also be changed to your preference using MetaTrader menu: click
”Insert”
main menu, then
”Indicators”,
doubleclick Indicator name in the right column “Selected” to change
the color of indicator and NumBars – the number of bars for which indicator is calculated (PLEASE CHANGE
THIS PARAMETER CAREFULLY BECAUSE THE NUMBER OF BARS FOR WHICH INDICATOR IS
CALCULATED FULLY DEPENDS FROM THE POWER OF YOUR PERSONAL COMPUTER). Default
value of NumBars is 500 and this value is working on most PCs. To change NumBars double-click on value
number, enter new value of NumBars in the field and CLICK ENTER BUTTON to refresh indicator! Then
Click OK button to see changes.


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12. Add and delete lines and symbols
To add lines and symbols use in the menu Insert or buttons on the panel. To delete lines and symbols one by
one starting with the last one use the key BackSpace or in the menu Charts. Also is possible to delete all the
lines and symbols using Charts in the menu. It is possible to edit objects as well by double clicking on it, then

click a right mouse button and pick Properties (an allocated object is possible to move and delete without an
order). Do not forget that by allocation of a new object will not remove an allocation of the old one until you
remove it yourself by double clicking on it, otherwise trying to edit an object you would have to fill out
properties for all picked out objects. At that time all the allocated objects move independently from each other.











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VI. BrainTrading System Error Messages

1. “ERROR BRAINTRADING SOFTWARE ACCOUNT EXPIRED. PLEASE UPDATE!”

Error description. Your BrainTrading Account has been expired. Please Update Your Subscription at
www.BrainTrading.com .

2. “PLEASE RUN BRAINTRADING SOFTWARE WITH CORRECT ACTIVATION KEY AND
RESTART METATRADER!”



WHAT TO DO.

A. Close All Indicators from all MetaTrader Charts.
B. Close MetaTrader Platform.
C. Start BrainTrading Software (we recommend you to add BrainTrading Software to StartUp
folder using BrainTraiding Software menu).
D. Check If you activated your BrainTrading Software correctly (please read how to activate
BrainTrading Software in ‘Installation.pdf’ file.
E. If all OK and BrainTrading Software is loaded please start MetaTrader Platform again and use
BrainTrading Indicators.

VII. How To Use BrainTrading System

BrainTrading System indicator package includes four main independently calculated indicators: BrainTrend1,
BrainTrend1Stop, BrainTrend2, BrainTrend2Stop and four auxiliary indicators

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used for pictorial presentation of main indicators: BrainTrend1Sig, BrainTrend1StopLine, BrainTrend2Sig,
BrainTrend2StopLine.

IMPORTANT!
(BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine),
(BrainTrend2, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine),
(BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine, BrainTrend2Sig,
BrainTrend2Stop, BrainTrend2StopLine) are priority groups of indicators of the BrainTrading System

BrainTrend1 and BrainTrend2 are market “DIRECTION” indicator. It shows trend direction by colors,
when the market changes to or stays in an up-trend, the bars become or remain BLUE. When the market
changes to or stays in a downtrend, the bars become or remain RED. When the market goes sideways or is not
strong on either side, the bars become or remain GREEN. BrainTrend1 and BrainTrend2 indicators can work
with any time bar charts.


IMPORTANT! Don’t use BrainTrend1 and BrainTrend2 indicators on one chart at the same time.
You need to use BrainTrend1 indicator as main on all charts and use BrainTrend2 as confirmative
indicator in separate chart window.



Figure 1. BrainTrend1 market “DIRECTION” indicator

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Figure 2. BrainTrend2 market “DIRECTION” indicator

BrainTrend1Sig and BrainTrend2Sig are semi-system indicators, which integrates the time-proven
BrainTrading trading rules and generates BUY or SELL signals.
BrainTrend1Sig will provide a buy signal with a big Cyan dot when buy conditions are met. The value of the
big cyan dot is the initial stop for the position. BrainTrend1Sig will provide a sell signal with a big Magenta
dot when sell conditions are met. The value of the big dot is the initial stop for the position.
BrainTrend2Sig will provide a buy signal with a big Blue dot when buy conditions are met. The value of the
big Blue dot is the initial stop for the position. BrainTrend2Sig will provide a sell signal with a big Red dot
when sell conditions are met. The value of the big Red dot is the initial stop for the position.


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Figure 3. BrainTrend1Sig Buy/Sell Signals




Figure 4. BrainTrend2Sig Buy/Sell Signals



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BrainTrend1Stop and BrainTrend2Stop are trend-stop indicators, and are demonstrated by multicolored
dots. For distinguishing purposes, BrainTrend1Stop uses Cyan and Magenta dots, and BrainTrend2Stop uses
Blue and Red dots.

IMPORTANT!
BrainTrend1StopLine and BrainTrend2StopLine are the same as BrainTrend1Stop and
BrainTrend2Stop but in form of Line for pictorial presentation of BrainTrend1Stop and BrainTrend2Stop
indicators. You may use these indicators or not.

Both BrainTrend1Stop and BrainTrend2Stop must identify a trend first then begin to paint the dots. This is
why you may not see any dots sometimes.

Cyan or Blue Dots below the lows of the bars indicate two things:
(1) the market is in an up-trend;
(2) the values of the Cyan or Blue Dots are the protection stops or the profit target stops (if the position had
profit) for the
long position. The value of the Cyan or Blue points can be seen in the Data Window after moving
your mouse pointer to this indicator point.

The Magenta or Red Dots above the highs of the bars indicate two things:
(1) the market is in a down-trend;
(2) the values of the Magenta or Red Dots are the protection stops or the profit target stops (if the position had
profit) for the
short position. The values of the Magenta or Red points can be seen in the Data Window after
moving your mouse pointer to this indicator point.










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Figure 5. BrainTrend1Stop (BrainTrend1StopLine) Stops



Figure 6. BrainTrend2Stop (BrainTrend2StopLine) Stops
Many studies reveal that it is more difficult to know how to exit the market than to enter the market. One can
get into the market at any time if one knows how to get out of the market. BrainTrend1Stop and
BrainTrend2Stop are TREND-STOPS indicators which are precisely and objectively defined by the market’s
own prices. They help traders enter and stay in the right market direction with minimal risk. You can back test
TREND-STOPS with the historical data. Use BrainTrend1Stop and BrainTrend2Stop to enter the market
and as trailing stops.
BrainTrend1Stop and BrainTrend2Stop work in very similar ways, but the trend definition and stop
calculations are different. BrainTrend2Stop is about 30% more sensitive than BrainTrend1Stop. We
recommend you to use BrainTrend2Stop indicator on small time frames (15 minutes or less) as trailing stops
and use BrainTrend1Stop to enter the market on this time frame.
Also we recommend you to use BrainTrend2Stop indicator on big time frames (30 minutes or more) as
choppy market identificator only and use BrainTrend1Stop indicator on this time frames as entry and exit tool.
Don't trade when there are conflicting stop signals (BrainTrend1Stop and BrainTrend2Stop stop signals
above and below the highs and lows of the bars at the same time). Wait for BrainTrend1Stop and
BrainTrend2Stop stop signals will be both above or below the highs or lows of the bars. And if you see very

many signals on small time frame so use bigger time frames (for example, change your 15-minute time frame
for USD/CHF or USD/JPY to 30-minute or more) and use on this big time frames BrainTrend1Sig for signals
and BrainTrend1Stop as stoploss line. And we have rule for practically without risk of loss using of our
indicators: when you see CYAN dot buy and when you see MAGENTA dot, sell EVEN WITHIN ONE BAR
!!! (but we recommend to use this rule for time frames from 30 minutes and higher because if you will use less
time frames you will have very many signals within one bar and you will need more time to follow this simple
rule).


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Figure 7. Conflicting BrainTrend1Stop and BrainTrend2Stop signals
The beauty of BrainTrading System stops is that the stops change along with the market. The stop values are
determined by the market’s prices objectively. When you enter the market, the stops will continuously indicate
the optimal stops guiding you to lock in your profit, and to approach maximum profits step by step.

All BrainTrading System indicators can work with any time bar charts.

Priority groups of indicators of the BrainTrading System

(BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine),
(BrainTrend2, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine),
(BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine, BrainTrend2Sig,
BrainTrend2Stop, BrainTrend2StopLine) are priority groups of indicators of the BrainTrading System.
















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1. BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine



Figure 9. BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine


























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2. BrainTrend2, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine



Figure 10. BrainTrend2, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine

























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3. BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine, BrainTrend2Sig,
BrainTrend2Stop, BrainTrend2StopLine




Figure 11. BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine, BrainTrend2Sig,
BrainTrend2Stop, BrainTrend2StopLine
Entry Rules Using BrainTrading System




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A. Trend-Stop (TS) Agreement Entry


This method is good for day trading, short term and long term position trading.

• For a TS Entry, first open a workspace with two
charts
(windows) on the same workspace. Set up a chart with
BrainTrend1, BrainTrend1Sig, BrainTrend1Stop and BrainTrend1StopLine added on. And then set up
another chart with BrainTrend2, BrainTrend2Sig, BrainTrend2Stop and BrainTrend2StopLine added on
(see Figure 9 and Figure 10).
• Buy at market when the first chart shows the blue bar and cyan dot, and the second chart also shows the blue
bar and blue dot.
• Sell at market when the first chart shows the red bar and magenta dot, and the second chart shows the red bar
and red dot.
• The winning chance for this entry is very good especially for position trading, because four independently
calculated indicators confirm a trade: you must see each signal of BrainTrend1, BrainTrend2,
BrainTrend1Stop and BrainTrend2Stop.
• For those seeking the early stage of the trend, and willing to take chances with small stops, buy at market at
blue bar and cyan dots of BrainTrend1Stop, and sell at market at red bar and magenta dots of
BrainTrend1Stop.

B. Short Term And Long Term Agreement (SL) Entry

• For day trading, if the 1-hour and the 30-min bars remain the same color, 15-min bar become the same color
as the 30-min and the 15-min bars, and 5-min BrainTrend1Stop dot moves one step up (or down) in favor
of the color of the bars, take a position in the direction of the color.
You may back test in your historical data for this rule.
• For position trading with end-of-day data, only trade in the direction of weekly bars. If weekly bars keep blue,
watch the daily bars turning green or red, wait the daily bar coming back to blue to enter the long position.
Another way, if both weekly and daily bars are blue, wait the BrainTrend1Stop stop moves one step up to
entry the long position.
Conversely, a similar rule applies for a down-trend.


B. Low Risk (LR) Entry

• One of the features of BrainTrading System is that it never misses a big move.
Once a big move is on its way, the BrainTrading System stops do a very good job in optimizing profit, yet
keep you in the big move until the end.
To test this fact, open a page with BrainTrading System stops on and find out how they performed during the
big moves in the past. If your parameters are set properly, you should come to the same conclusion, that is,
BrainTrading System never misses a big move. By knowing this fact, you can greatly increase your leverage
capacity in hedging your positions if you are trading multiple contracts.
• The best time for a LR entry is when a trend is established. For example, in an up-trend, you see both blue
bars and blue dots as the market moves up. Suddenly, you see the market shift into a countertrend, moving back
very close to the cyan or blue dots (stops), but the bar is still blue. As soon as you see the market move up
again, go ahead with the LR Entry or add a long position. Since over 75% of BrainTrading System stops can
not be hit, your chance of winning is very high.
Use BrainTrading System stops as your protection stops. With this entry your risk is significantly low. Many
times, you may even see a $200 stop for daytrading, or a $500 stop for position trading.
Conversely, a similar rule applies for a down-trend.
• For day trading, it is suggested that use 30-min or 1-hour bar charts.
• For position trading, it is suggested that use weekly, daily or 4-hour bar charts and use BrainTrading System
stops with the default settings.
• If you miss a trade at the early stage of a trend, you can enter the market by the Low Risk entry and place the
stop according to the BrainTrend1Stop or BrainTrend2Stop dot. If you have one position with some profit,
and you trade multiple contracts, you can add a position with smaller risk at this point. In fact, there is usually
no risk, because your first trade’s profit has already covered the small stop of the second. Remember that good
traders take advantage of direction and duration. A trend is not a trend until it’s on its way. Act on what the
market is doing, rather than what you assume it to be.




Figure 12. A typical Low Risk (LR) entry example. BrainTrend1Stop had formed on the chart.
Enter a buy position when the BrainTrend1Stop cyan dot moved up and price was very close to the
cyan stop. Inversely, enter a sell position when the BrainTrend1Stop magenta dot moved down and price was
very close to the magenta stop. The feature is that the risk for this entry is low, and you will know your position
right or wrong very soon.

D. BrainTrading System Signals

• The buy and sell signals generated by BrainTrend1Sig or BrainTrend2Sig is only a part of the
BrainTrading System trading rules. For the best trading result, use BrainTrend1Sig or BrainTrend2Sig
along with the other four BrainTrading System indicators to confirm
a trade.
• When BrainTrading System gives a BIG CYAN or BLUE dot in a long time frame (ig. 30-min or more
chart) it’s a precondition to buy. Go to a short time frame chart, wait for a retrace to enter the market. If you use
end-of-day data, enter a buy position the next day when BrainTrading System gives a BIG CYAN or BLUE
dot, you may pick a better price when the market retraces towards the stop.
• When BrainTrading System gives a BIG MAGENTA or RED dot in a long time frame (ig. 30-min or more
chart) it’s a precondition to sell. Go to a short time frame chart, wait for a retrace to enter the market. If you use
end-of-day data, enter a sell position the next day when BrainTrading System gives a BIG MAGENTA or
RED dot, you may pick a better price when the market retraces towards the stop.

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It is the way to ignore false signals from your BrainTrading System Indicators.
• Entry points are also effected by the settings of the time frame. The longer the time bars, the higher the
accuracy. The time frame controls the trading frequency too. If you use the end-day data, you may use daily
bars for position trading. If you have time to watch the markets during day time, use the 60- or 120-minute bars
for better entry price. 15- or 30-minute charts are commonly used for day trading to determine the direction.


Generally, use the longer time bars to determine the direction that you want to enter; use the shorter time bars
to pinpoint the entry.
Specifically, enter a long (buy) position when:
1. Current longer time bar must be blue;
2. Current shorter time bar just changed color from green or red to blue;
3. The retracement of a few bars ago does not break the BrainTrading System stops;
4. Low of the shorter time bar is greater than the low of one bar ago;
5. Use RSI(2) (i.e. 2-bar average RSI) or any other your favorite oscillators to confirm the entry;
6. Place your protection stop below the low of one bar ago.
The opposite set of conditions should be met for short (sell) position.


For example, you may use 1-hour chart to guide the direction and use 30-min chart for entry or exit for
daytrading. Wait the market pulling back, but not penetrating the BrainTrading System stops to enter.

Retracement Entry can be used to do position trading by using delayed data. This method has a great advantage
of getting better filled for position trading. Use the longer time frame, such as the 4-hour bar, to determine the
direction, and use a short time frame, such as 1-hour or 30 minute, to determine the entry point. For example, if
the 4-hour bar is blue, prepare to buy, but wait for the 1-hour or 30 minute bar to turn red. Estimate the normal
retracement duration for your market. If the normal retracement duration is 4 bars on the 30 minute chart, then
wait for 4 red bars, and if the 4th red bar does not penetrate the BrainTrading System stop, enter a long position
at the market. You get a better filled price as well as a favorable market position, since the market did not
penetrate the stop after a normal retracement period.
You may use 4-hour chart to guide the direction and use 1-hour chart for entry or exit for position trading. Wait
the market pulling back, but not penetrating the BrainTrading System stops to enter.

Retrace Or Reversal?
Is the current pullback a retrace or reverse? That is the key in determining the entry. BrainTrend1Stop on a 30-
Min chart can help to identify a retrace from reversal. After the 15-Min chart form a pivot low, go back to the
30-Min chart to see if the BrainTrend1Stop stop on 30-Min still exist or not. If BrainTrend1Stop 30-Min

stop disappeared, it is more likely that the market reversed, if it still exists, it’s more likely a retrace. To test this
phenomenon, open a 30-Min chart for USD/CHF market with BrainTrend1Stop, exam the early stage of the
moves, you will find that BrainTrend1Stop does a good job in distinguishing a retrace from a reversal. What
time frame is the best in distinguishing retrace from reversal for your market? A simple test can help. Change
time frames on the 30-Min chart with historical data, look at the early stage of trends, to see BrainTrend1Stop
on what time frame can best distinguish between retrace and reversal.

Confirmation Rules Using BrainTrading System


Knowing how to hold a position is more difficult than entering a trade.

• Should we hold this position?
• Should we exit now or when?
• Should we take profit now or when?
• Should we switch our position now or when?


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At each and every moment after we enter a trade, these questions are asked time and time again in our mind.
We wish we could hear the answers directly from the market! Basically, each of BrainTrading System
indicators is calculated independently. Sometimes, near turning points or in a choppy market, you may see
conflicting indicators, such as a magenta dot above a blue bar or a red bar with no dots showing or both blue
and red bars showing up for the same bars, etc. In real trading, time is everything. We can not wait for all these
indicators to confirm each other, then enter the markets. Therefore, “entry rules” are different from
“confirmation rules”. You take a risk and enter the market according to “entry rules” mentioned above. As soon
as you initiate a position (long or short), the next thing is to closely watch the indicator’s confirmations. If your
trading positions are not confirmed by one of the following confirmation rules within a certain time, you should
consider exiting the positions. What is the certain time? It depends on the specific market, on
whether you are daytrading or position trading, on the time bar frame used, etc. You need to decide for yourself,

though typically the best time is about 4 to 8 bars. Avoid entering the market near the current high or long term
Resistance Line, even when you
get a buy signal from short term chart and confirmed by long-term chart.

There are four simple confirmations for positions which you are holding:

1. Trend and Trend-Stop confirmation:
If you are in a long (buy) position, watch for Cyan or Blue dots showing below the blue bars, or if you are in a
short (sell) position, watch for Magenta or Red dots showing above the red bars. Here is essential for this
confirmation.
2. Short term bar chart and long term bar chart confirmation:
The short time bar chart is 30 minute bars, and long time bar chart is 1-hour bars. When an uptrend begins, the
30 minute bar changes to blue first while the 1 hour bar is still red or green. If the 1 hour bar begins showing
blue, this is called confirmation of the up-trend by long term bars. It is the opposite for the downtrend.
You may confirm this entry by your favorite oscillators or MACD.
3. Trend-Stop Moving confirmation:
While holding a buy position, watch the cyan or Blue dots “moving up” to confirm holding the long position.
While holding a sell position, watch the magenta or Red dots “moving down” to confirm holding the short
position.
4. Inter-Market Agreement confirmation:
Due to quick development of the information highway and modern communication, all markets are related to
each other more than ever before. Inter-market analysis has been one of the top issues in market research.
Now BrainTrading System provides a powerful tool for you to test and decide upon the most related markets
and to use them as a filter to eliminate some of the false trades.
For Swiss Franc, the most related markets are Euro and British Pound. You do not need to wait for all related
markets to show the same colors to enter a trade. However, if the trade is in the right direction, you should see
the confirmations from other markets soon.

What if after entering the market, the market turns sideways?


When you begin to see green bars, pay attention to the stop dots. Green bars indicate a sideways market. We
don’t know which way the market will turn. There are two ways to react:
1. With some profit, or at least to break even: take a chance by holding the position using BrainTrading
System stops. Then, begin to use longer time bars to help determine the market direction.
2. Without profit: simply exit the market.
In terms of making profit, you don’t need to become an expert in all these rules. Begin with one rule that best
fits you and concentrate on your trading using only this rule. Build your confidence with it. Then add more one
step at a time. Once you master the rules that help you win, you can repeat them again and again.